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Tuesday, March 2, 2010

Recommendation on NIFTY

Nifty made the crucial breakout today and made closing near to the days high. Now we could expect the trend reversal in nifty.  In upside we could expect the level of 5100 and if it sustains these high levels could make more upside moves. Nifty could face the major resistance around the level of 5150. We recommend  that traders should  go for long in nifty with the Stop Loss of 4990 and Target could be 5140.

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